Brunel Pension Partnership, Bristol, England, selected Macquarie Group to provide transition management services for equity and multiasset allocations that will transfer to the pool this year, a spokesman confirmed.
Assets will move into the pool from Brunel's local authority pension fund members. The value of assets were not available.
Macquarie previously completed two significant transitions for the £30 billion ($37.6 billion) pool, but is not the pool's exclusive transition manager. Brunel selects transition managers from a pre-approved panel under the national LGPS framework for the service.
"Having partnered with them extensively, they have become a trusted transition partner for our clients. Macquarie has a sophisticated transition platform and highly experienced team that we're pleased to be able to offer our clients," David Cox, head of listed market investments at Brunel, said in a news release.
Brunel manages the assets for the pension funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire councils.
